BaFin is consulting on the draft regulation amending the large exposures regulation. It provides that groups of institutions with central risk management with regard to large loans should be given the same scope for risk positions against other group companies as groups with central liquidity control.
This is necessary for reasons of neutrality, because from the large exposures perspective, it makes no difference whether the risk of counterparty default arises from liquidity transfers within the group or from a counterparty default risk against group-related companies. BaFin wants to limit the reporting system for million-dollar loans to its original banking supervisory core. To this end, it waives new reporting formats with comprehensive reporting requirements, which should enter into force on January 01, 2019. Instead, the currently valid reporting formats for the data amount should remain and be supplemented. This is relevant for the Analytical Credit Dataset (AnaCredit) project, the planned credit reporting system of ECB. With the exception of the banking supervisory requirements, this will cover the data for all further user requirements—that is, for financial stability, monetary policy, and risk management.
Related Link (in German): Notification
Keywords: Europe, Germany, BaFin, Banking, AnaCredit, Credit Risk, Large Exposures
Previous ArticleEBA-ESMA Guidelines to Assess Suitability of Management Body Members
HKMA announced the publication of a report on fintech adoption and innovation in the banking industry in Hong Kong.
BIS published a working paper that examines the drivers of cyber risk, especially in context of the cloud services.
ECB launched consultation on a guide specifying how the Banking Supervision expects banks to consider climate-related and environmental risks in their governance and risk management frameworks and when formulating and implementing their business strategy.
ECB published an opinion (CON/2020/16) on amendments to the prudential framework in EU in response to the COVID-19 pandemic.
EBA published a report that examines the interlinkages between recovery and resolution planning under the Bank Recovery and Resolution Directive (BRRD).
SRB published the final Minimum Requirements for Own Funds and Eligible Liabilities (MREL) policy under the Banking Package.
EIOPA published its risk dashboard based on Solvency II data from the fourth quarter of 2019.
MNB published a statement on loan payments post the announced moratorium, in addition to a set of new questions and answers (Q&A) on supervisory measures and requirements announced amid COVID-19 pandemic.
EBA updated the Single Rulebook question and answer (Q&A) tool for banks.
US Agencies (FDIC, FED, and OCC) published an interim final rule that temporarily revises the supplementary leverage ratio calculation for depository institutions.